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7
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Recommendation

Author Stephen R. Waite is a Wall Street veteran, but despite its title Quantum Investing is not about investing (the few investor-oriented tips are at the end of each chapter and at the book’s conclusion). Rather, it is a futurist manifesto, an infectious, heady hodgepodge of science textbook and thought experiment, which reads like a sequel to Future Shock. Waite takes you on a whirlwind tour of quantum theory, which has enabled astounding technological advances (note the glossary of physics terms and the timeline of relevant scientific developments). He assesses the accounting industry as hopelessly out-of-date when it comes to valuing intangible assets, and offers a thought-provoking discussion of the stock market, chaos theory and complex systems. You’ll probably be skeptical of - but intrigued by - the discoveries he predicts for the twenty-first century. getAbstract.com recommends this to executives who are interested in a big-picture treatment of the economic evolution, or who are science (or science-fiction) buffs.

In this summary, you will learn

Why quantum physics will be crucial to the twenty-first century economy;

How the new, quantum-driven economy differs from the industrial economy; and

Why the stock market may be a quasi-organic entity with a "hive mind."

About the Author

Stephen R. Waite is a 16-year Wall Street veteran who is currently managing director and Chief Knowledge Officer of the investment advisory firm Trilogy Advisors, which has several billion dollars under management.

Summary

The "New Economy" is the Quantum Economy Sir Isaac Newton’s discovery of the laws of classical physics made possible the technological changes that powered the industrial revolution. Over the next few hundred years, the introduction of machines and factories irrevocably changed the world...